Functional Brands (NASDAQ:MEHA – Get Free Report) issued its earnings results on Friday. The company reported ($0.36) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $1.65 million during the quarter.
Functional Brands Trading Up 0.4%
Shares of MEHA stock opened at $0.09 on Friday. Functional Brands has a 1-year low of $0.07 and a 1-year high of $8.00. The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.88 million and a P/E ratio of 2.15. The company’s fifty day simple moving average is $0.14.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded Functional Brands from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Functional Brands stock. Jane Street Group LLC purchased a new stake in shares of Functional Brands Inc. (NASDAQ:MEHA – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 194,968 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned approximately 1.19% of Functional Brands at the end of the most recent quarter.
Functional Brands Company Profile
Our company operates in the nutraceutical supplement industry. We are a manufacturer and distributor of supplements in categories such as pain, energy, prenatal, general health, bone and joint, gastro, immunity, cardiac, detox, mental clarity & focus, sleep, prenatal and urinary. Our end markets focus on end-consumers through different channels that include pharmacies, US wholesalers, international distributors and direct-to-consumers sales. Our products are sold over the counter, and consumers do not need a prescription to purchase our products.
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